Catastrophe LossesCatastrophe-related expenses were high at $939 million, significantly above the expected $665 million, primarily due to Hurricane Helene, which added $547 million in losses.
Investment PerformanceInvestment income of $904 million fell short of the analyst's expectation of $917 million due to weaker results from other investments.
ValuationWith shares at 12.4x the projected 2025 earnings per share, analysts do not see much upside potential from the current valuation.